Inside Kenneth Cole's Central Park Condo

Designer Kenneth Cole owns two apartments and needs to peddle his penthouse quickly. He bought the penthouse in 1985 for the four bedroom home with 1,000 square feet of outdoor area, but is asking $16,950,000 for the space for a quick sale. Oh yeah, you can pick up a maid's apartment in the same building if that is a concern.

Implications - Anything that has been owned by an iconic celebrity or cultural figure instantly becomes more valuable, and it's becoming increasingly common for high-profile sales like this one to dominate the media when they occur. It is highly likely that businesses will emerge that seek to facilitate these kinds of major resale events.